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Subscribe to enjoy similar stories. Chennai: As finance minister Nirmala Sitharaman dots the I’s and crosses the t’s of her speech she will deliver on 1 February, when she presents a record eighth consecutive budget, her biggest concern will be whether the proposals can dispel the clouds hanging over India, the world’s fastest-growing large economy. After the covid-19 pandemic, India experienced a scorching pace of growth for three years—on an average, the economy expanded by more than 8%.

Norfolk Southern's solid fourth quarter — combined with the optimism the railroad is hearing from their customers and support they’re getting from Washington D

Asian shares are mostly higher in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in September

Subscribe to enjoy similar stories. As is usually the case, India’s Union budget for 2025-26, to be announced on 1 February, is expected to attract a lot of attention from different stakeholders in the economy, particularly with its growth momentum having sprung a significant downside surprise in 2024-25.

The central bank hiked borrowing costs aggressively from mid-2022 to tame runaway energy and food costs, but is now bringing them back down as price rises slow and the eurozone economy looks weak.

Subscribe to enjoy similar stories. The success of DeepSeek, the Chinese rival to American goliaths with radically more cost-effective artificial intelligence, reveals the futility of U.S. sanctions policies.

The Alberta government is seeding a new investment vehicle with $2 billion as part of a plan to boost the province’s resource investment fund tenfold to at least $250 billion by 2050.

Two Canadian corporate competitors in ongoing conflict over parcel delivery made headlines last week. One involved government-owned Canada Post’s continuing struggle for existence and its failure to reach a labour agreement with 55,000 union workers. The other was Amazon’s decision to shut down its Quebec distribution network and lay off more than 1,900 workers, including 250 newly unionized employees it failed to reach agreement with. There are obvious connections between the two headlines that no one properly acknowledged.

DoubleLine Capital CEO Jeffrey Gundlach said Wednesday he expects only one rate cut for 2025 — two reductions at most — as the Federal Reserve patiently awaits incoming data to assess the state of the labor market and inflation.

The Bank of Canada cut its benchmark lending rate by 25 basis points to three per cent in a move that was widely expected by investors and economists, but what comes next is up in the air given the looming trade war with the United States.

The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy as it examines what is likely to be a bumpy political and economic landscape ahead. In a widely anticipated move, the central bank's Federal Open Market Committee left unchanged its overnight borrowing rate in a range between 4.25%-4.5%. The decision followed three straight cuts since September 2024 worth a full percentage point and marked the first Fed meeting since frequent Fed critic Donald Trump assumed the presidency last week and almost immediately made known his intentions that he wants the central bank to cut rates. The post-meeting statement dropped a few clues about the reasoning behind the decision to hold rates steady. It offered a somewhat more optimistic view on the labor market while losing a key reference from the December statement that inflation «has made progress toward» the Fed's 2% inflation goal.

Donald Trump proposed a controversial plan to scrap federal income taxes, as per a report.

tax overreach, such as the legally contentious retrospective taxation of Vodafone, is jeopardising India's growth story by deterring domestic and foreign investors. Coupled with regulatory hurdles, these measures undermine India's potential to emerge as the next global growth hub. In many cases, the challenge is so acute that enterprises and HNIs are relocating abroad or scaling down local manufacturing capacity to minimise interactions with regulators and tax authorities.

Here’s the Bank of Canada’s official statement for its rate decision:

The Bank of Canada cut its interest rate by 25 basis points to three per cent on Wednesday, while warning that the economic consequences of a prolonged trade war with the United States could be severe, hindering growth while potentially reigniting inflation.

Germany's government has slashed its 2025 growth forecast for the country’s economy, Europe’s biggest, to just 0.3% after it shrank for two consecutive years

The Bank of Canada delivered a sixth consecutive interest rate cut on Wednesday but slowed the pace of its easing cycle.

U.K. Treasury chief Rachel Reeves says that the new Labour government is backing the construction of third runway at London’s Heathrow Airport

The three junta-led West African nations of Niger, Mali and Burkina Faso have formally withdrawn from the regional bloc known as ECOWAS